In the past few years, Malta has developed a great reputation for being a tax-efficient residence and a high quality living destination in the European Union. Located in the center of the Mediterranean Sea, Malta falls directly in the middle of the North African and European trading routes. Hence, this has made the country an excellent destination for making investments. It is one of the best places to live in all over the world due to its natural scenic wealth, colorful culture and heritage.
Malta became a member of the European Union in 2004 and since then, all of the country’s residents enjoy the same rights as that of other members. This includes being able to move freely in the Schengen area and visa free travel. If you are still not convinced, here are some great reasons to sign up for the Malta Residence and Visa Programme (MRVP). Let’s take a look:
- Malta is renowned for its rich cultural and social life. The country enjoys a mild climate, which includes 300 days of sunshine annually, warm dry summers and mild winters. Plus, you can benefit from a good standard of living, political stability and low cost of living.
- Malta also boasts a strong financial and banking system. Furthermore, it is recognized as one of the safest countries in the European Union, which makes it an excellent place to live.
- If you are planning to move to Malta for investment purposes, you will be pleased to know that the country has agreements with several countries. Under these agreements, profits that are generated in Malta are either exempted from tax or are eligible for tax credit. Apart from that, they are also working on additional agreements that will certainly benefit the residents. The country also has an intuitive corporate tax system that makes it a great place to set up a business.